Posted AT 9:03 PM EST on 06/10/08
Crisis strengthens Manulife's hand in AIG bid
ROME — The chances of
Manulife Financial Corp. winning parts of
American International Group Inc. are rising sharply as the credit crisis hurts the ability of rival insurers to knock the Canadian company out of the picture, industry sources and analysts said.
Manulife and other insurers are expected to bid for AIG divisions as early as this week, they said.
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